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The investment seeks to track the investment results of the ICE 2032 Maturity US Treasury Index composed of U.S. Treasury bonds maturing in 2032. The index is market value-weighted based on amounts outstanding reduced by amounts held by the Federal Reserve SOMA. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the index, in each case except during the last months of the fund's operations.